Business, international

David Hutchings joins Gonszor to raise 65 million pounds sterling

Article Abstract:

David Hutchings, previously deputy managing director at Montagu Private Equity, has joined Primary Capital, a UK company set up by Charles Gonzor. Primary Capital aims to invest in buyouts in the UK which have a value of between 5 million pounds sterling and 100 million pounds sterling. There will be strong competition in this segment since a number of firms are targeting buyouts under 100 million pounds sterling. Hutchings' background is scientific as well as financial.

Brooks steps down at PruVen

Article Abstract:

Paul Brooks is leaving his post as managing director at Prudential Venture Managers (PruVen) which completed 15 buyouts during 1995. Brooks will leave at the end of Mar 1995. He has received offers of other work but aims not to make a rapid decision and is considering other options such as studying. Jonathan Morgan will replace Brooks and he does not envisage major changes for the company. He emphasises the team spirit at PruVen, which will help to ensure continuity.

3i strengthens regional base

Article Abstract:

Neil Graham has joined 3i's team in Edinburgh, Scotland, as investment controller, moving from BZW Corporate Finance where he had worked for over three years. He is able to move from a role as agent to that of a principal at 3i, and had become frustrated in his advisory role at BZW. Graham states that the quality of staff at Edinburgh rivals that of London, and the Edinburgh office is able to tackle large buyouts taking complete responsibility.